Senate Republicans Unveil Balanced Budget Amendment

Kentucky Republicans are pushing to turn the state’s presidential primary into a caucus as part of a move that would allow Sen. Rand Paul to run for both his current Senate seat and president in 2016. (Photo by Brendan Hoffman/Getty Images)

WASHINGTON - MARCH 31: Sen. Rand Paul (R-KY) listens during a news conference with other Senate Republicans to announce a proposed balanced budget amendment to the Constitution in the U.S. Capitol on March 31, 2011 in Washington, DC. The measure is part of an attempt to bring under control the country's $14 trillion debt. (Photo by Brendan Hoffman/Getty Images)

WASHINGTON - MARCH 31: Senate Minority Leader Mitch McConnell (R-KY) (R) and Sen. Orrin Hatch (R-UT) arrive for a news conference with other Senate Republicans to announce a proposed balanced budget amendment to the Constitution in the U.S. Capitol on March 31, 2011 in Washington, DC. The measure is part of an attempt to bring under control the country's $14 trillion debt. (Photo by Brendan Hoffman/Getty Images)

WASHINGTON - MARCH 31: Sen. Rand Paul (R-KY) (L) talks in the hallway following a news conference with other Senate Republicans to announce a proposed balanced budget amendment to the Constitution in the U.S. Capitol on March 31, 2011 in Washington, DC. The measure is part of an attempt to bring under control the country's $14 trillion debt. (Photo by Brendan Hoffman/Getty Images)

WASHINGTON - MARCH 31: Senate Minority Leader Mitch McConnell (R-KY) (C) and other Senate Republicans hold a news conference to announce a proposed balanced budget amendment to the Constitution in the U.S. Capitol on March 31, 2011 in Washington, DC. The measure is part of an attempt to bring under control the country's $14 trillion debt. (Photo by Brendan Hoffman/Getty Images)

WASHINGTON - MARCH 31: Sen. Mike Lee (R-UT), Sen. Orrin Hatch (R-UT), Senate Minority Leader Mitch McConnell (R-KY), Sen. Pat Toomey (R-PA) (L-R), and other Senate Republicans hold a news conference to announce a proposed balanced budget amendment to the Constitution in the U.S. Capitol on March 31, 2011 in Washington, DC. The measure is part of an attempt to bring under control the country's $14 trillion debt. (Photo by Brendan Hoffman/Getty Images)

WASHINGTON - MARCH 31: Sen. Orrin Hatch (R-UT) and other Senate Republicans hold a news conference to announce a proposed balanced budget amendment to the Constitution in the U.S. Capitol on March 31, 2011 in Washington, DC. The measure is part of an attempt to bring under control the country's $14 trillion debt. (Photo by Brendan Hoffman/Getty Images)

WASHINGTON - MARCH 31: Senate Minority Leader Mitch McConnell (R-KY) (R) listens during a news conference with other Senate Republicans to announce a proposed balanced budget amendment to the Constitution in the U.S. Capitol on March 31, 2011 in Washington, DC. The measure is part of an attempt to bring under control the country's $14 trillion debt. (Photo by Brendan Hoffman/Getty Images)

WASHINGTON - MARCH 31: Sen. Rand Paul (R-KY) (L) listens during a news conference with other Senate Republicans to announce a proposed balanced budget amendment to the Constitution in the U.S. Capitol on March 31, 2011 in Washington, DC. The measure is part of an attempt to bring under control the country's $14 trillion debt. (Photo by Brendan Hoffman/Getty Images)

WASHINGTON - MARCH 31: Senate Minority Leader Mitch McConnell (R-KY) listens during a news conference with other Senate Republicans to announce a proposed balanced budget amendment to the Constitution in the U.S. Capitol on March 31, 2011 in Washington, DC. The measure is part of an attempt to bring under control the country's $14 trillion debt. (Photo by Brendan Hoffman/Getty Images)